Sterling Capital Management LLC Has $325,000 Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

Sterling Capital Management LLC lessened its position in Thermon Group Holdings, Inc. (NYSE:THR) by 54.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,285 shares of the technology company’s stock after selling 13,471 shares during the period. Sterling Capital Management LLC’s holdings in Thermon Group were worth $325,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Thermon Group by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company’s stock worth $97,338,000 after purchasing an additional 16,112 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Thermon Group by 0.8% in the fourth quarter. William Blair Investment Management LLC now owns 857,633 shares of the technology company’s stock valued at $24,674,000 after buying an additional 6,821 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Thermon Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 772,597 shares of the technology company’s stock valued at $23,059,000 after buying an additional 8,910 shares during the last quarter. State Street Corp increased its position in shares of Thermon Group by 0.8% during the third quarter. State Street Corp now owns 769,187 shares of the technology company’s stock worth $22,953,000 after acquiring an additional 5,882 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of Thermon Group by 1.0% in the 4th quarter. Swedbank AB now owns 621,000 shares of the technology company’s stock worth $17,866,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

Thermon Group Price Performance

Shares of NYSE:THR opened at $24.95 on Friday. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. The stock has a market cap of $840.40 million, a PE ratio of 18.34 and a beta of 0.96. The stock’s fifty day simple moving average is $27.97 and its two-hundred day simple moving average is $28.78. Thermon Group Holdings, Inc. has a 1-year low of $23.05 and a 1-year high of $35.93.

Thermon Group (NYSE:THR) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. As a group, analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.